Nov 11, 2012 3:00pm EST
more tax, who pays less tax and what benefits stay or goes away. john boehner, the speaker of the house, says republicans will accept higher tax revenues but not higher taxes. huh? more when we come back. ♪ ♪ and the flowers and the trees all laugh when you walk by ♪ ♪ and the neighbors' kids... what does being true to yourself have to do with being healthy? everything. ♪ but you're not ♪ you're the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one... >>> the stakes couldn't be higher. if the united states goes over the fiscal cliff, taxes will rise for nearly 88% of americans next year. we're talking about an average increase of $3500 per household. at the same time, $100 billion in automatic across the board spending cuts will take effect, half in defense, half in non-defense, and a million jobs could be lost. unemployment will jump back to 9% next year and the u.s. economy could be plunged back into recession. avoiding the fiscal cliff will require compromise, something that's been in short supply in washington over the
Nov 10, 2012 10:00am PST
boehner, speaker of the house, says republicans will accept higher tax revenues but not higher taxes. huh? more when we come back. there are a lot of warning lights and sounds vying for your attention. so we invented a warning you can feel. introducing the all-new cadillac xts. available with a patented safety alert seat. when there's danger you might not see, you're warned by a pulse in the seat. it's technology you won't find in a mercedes e-class. the all-new cadillac xts has arrived, and it's bringing the future forward. ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! [ male ann
Nov 7, 2012 7:00pm EST
. first order of business tonight is breaking news. moments ago house speaker john boehner, he delivered a direct message. this is your moment, mr. president. and we want you to succeed. the fiscal cliff is priority number one. boehner is now opening the door to a grand design fiscal deal that could include tax and entitlement reform. listen to the speaker today. all right. so we didn't get quite that sound. sorry. maybe we'll pick it up later. what happens to the market? courtney reagan at the real-time exchange breaking it down for us. good evening to you, courtney. >> good evening, larry. last night might have been overwhelmingly blue but today it was all red. the day after the presidential election saw the dow shift 312 points, marking the biggest point loss so far this year for the index. but it could have been worse. at session lows the dow was actually off by 369 points. the sell-off was broadbased and multifaceted. some point to wall street's disappointment with president obama's re-election. but ecb head mario draggi's comments about weakness in europe affecting germany and apple'